Welspun India’s business arm - Welspun Energy (WEL), the country’s biggest developer of solar projects is planning to set up solar parks across four states. In this regard, the company has already initiated work on a 100 megawatt solar park in Rajasthan, for which it is currently acquiring land. The company will require around 500 acres of land for developing solar park in Rajasthan.
The average investment in a park would be around Rs 100 crore for land development and evacuation infrastructure like setting up sub-stations. It is also looking around for investors into the parks. The company already provides engineering, procurement and construction (EPC) services to those who wish to set-up solar capacity. Their solar EPC order-book is around Rs 1,500 crore.